Nearly Rs 5 lakh crore of mutual fund money riding on these 10 stocks

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NEW DELHI: Mutual fund managers have positioned heavy bets totalling round Rs 4.75 lakh crore on 10 stocks which incorporates Nifty heavyweights , , and , reveals newest information.

The prime 10 hottest stocks amongst mutual fund managers comprise about 35% of the trade’s fairness property below administration (AUM).

Topping the listing is personal lender ICICI Bank, which is a consensus purchase on Dalal Street. (*10*) fund managers have positioned bets value Rs 1.4 lakh crore on the inventory, value 6.7% of trade’s fairness AUM.

The second hottest inventory amongst home MFs is India’s largest personal sector lender

Bank, on which Rs 1.16 lakh crore is riding. Infosys, on the opposite hand, is not only the third largest guess but in addition the one IT inventory to characteristic within the prime 10 listing. MFs have positioned bets value Rs 90,577 crore.

Together these 3 stocks comprise round 16.5% of trade fairness AUM, based on a report by

Group.

Other favourites embrace Reliance Industries, SBI,

, HDFC, , L&T and .

ICICI Bank, HDFC Bank, Infosys, , and Bharti Airtel have featured within the prime 10 holdings persistently over the earlier 27 months.

During the month of September, MFs have been web consumers in 70% of Nifty stocks. The highest MoM web shopping for in Sep was seen in

(+23.9%), adopted by (+13.3%), UPL (12.9%), (+12.7%), and (+11.6%).

Sectorally talking, MFs are essentially the most bullish on personal banks because the weightage within the pocket stood at 18.2% in September, adopted by know-how (9.8%), auto (7.8%), NBFC (7.7%) and shopper (7.1%).

“On a MoM (month-on-month) basis, the weights of consumer, healthcare, telecom, PSU banks, retail, and capital goods increased, while the weights of oil, technology, private banks, metals, utilities, insurance, and NBFCs moderated,”

mentioned.

Data reveals that the load of healthcare stocks in MF portfolios climbed 30 bps to six.6% in September, after declining at a 30-month low in August this 12 months.

Mutual funds have been bearish on oil and fuel stocks as the load slipped to a six-year low of 6% with a MoM lower of 50 bps. The weight of tech stocks additionally continued to average in September and was at a 25-month low of 9.8%.



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